[Recycled PET Daily Review] Recycled Pet Stably Operates
Today's Key Points
Recycled PET priceBased on the Jiangsu region, today’s simulated Da Hua’s spot price for pure white urea closed at RMB 4,550 per ton, remaining stable compared to the previous period.
Cost support: The significant rise in international crude oil prices, along with the fluctuating upward trend in the prices of large-scale chemical fibers and new polyester chip materials, provides a certain boost to the recycled materials market.
Demand-side constraintsDownstream transactions are limited, market trading is sluggish, and the price of recycled PET remains stable.
2. Spot Market Overview
Based on the Jiangsu region, today’s imitation Dahua pure white machine-graded price closed at4550 yuan/ton, unchanged from the previous period.
Source: Longzhong
In terms of costs: the significant rise in international crude oil prices has driven the fluctuating increase in the prices of large chemical fibers and new polyester chip materials, providing a certain level of cost support to the recycled PET market.
Demand-side: The resumption of operations in downstream industries is relatively slow, terminal demand is generally weak, transactions are limited, and market trading remains sluggish; consequently, the price of recycled PET has not shown significant fluctuations.
III. Market Outlook
Geopolitical tensions continue to escalate, and international crude oil still has an upward trend expectation. Coupled with the "Golden March" period, downstream demand is gradually being released, and recycling polyester factories are seeing increased sales. To ensure a stable supply of raw materials, some manufacturers may increase their purchase prices for bottle-grade PET. Meanwhile, the current recycling season for raw bottles is in a low period, with washing plants operating at low capacity, providing certain support to the supply side of raw materials. Under the dual support of cost and supply-demand factors, it is expected that the short-term recycled PET bottle chip market will remain bullish.
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